Overview
- Australia’s National Reconstruction Fund Corporation has invested $20 million in Sydney-based Diraq, taking a major equity stake.
- Diraq says it is on track to launch its first commercial quantum computing product in 2029, with assembly planned in Sydney.
- The UNSW spinout pursues silicon chip fabrication for compact, data‑centre‑ready machines, contrasting with PsiQuantum’s larger Brisbane system targeted for 2027 and backed by nearly $1 billion in government support.
- NRF chief executive David Gall says the investment aims to keep the technology’s commercial gains and capability within Australia.
- Analysts highlight both promise and hurdles, with CSIRO projecting up to $5.9 billion in value and 19,400 jobs by 2045 as engineering and supply‑chain challenges such as heat management and silicon procurement persist.